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Solar, natural gas, wind make up most 2016 generation additions

(Tue, 01 Mar 2016) Electric generating facilities expect to add more than 26 gigawatts (GW) of utility-scale generating capacity to the power grid during 2016. Most of these additions come from three resources: solar (9.5 GW), natural gas (8.0 GW), and wind (6.8 GW), which together make up 93% of total additions. If actual additions ultimately reflect these plans, 2016 will be the first year in which utility-scale solar additions exceed additions from any other single energy source.

Brazil's Petrobras corruption investigation targets Lula

BRASILIA, March 1 (Reuters) - Federal prosecutors who uncovered a huge corruption scheme at oil company Petrobras are looking into whether Brazil's former president Luiz Inacio Lula da Silva received undue favors from engineering firms they are investigating.

UPDATE 2-S.Korea Feb exports tumble on China slowdown, lower oil

* Turnaround depends on oil prices and China (Recasts with new details, economists)

UPDATE 1-Oil drops on China manufacturing slump, but tighter supply supports

* U.S.

Oil prices defend gains as output dips, China boosts consumption

SINGAPORE, March 1 (Reuters) - U.S. crude oil prices were steady in early Asian trading on Tuesday after lower domestic production as well as dipping output from OPEC tightened the market just as China further eased its monetary policy in a bid to boost consumption.

Moody's downgrades Alaska's GO bonds on oil slide

NEW YORK, Feb 29 (Reuters) - Moody's ratings agency on Monday downgraded Alaska's general obligation bonds to Aa1 from Aaa due to the slide in oil prices, saying it could deplete its main budgetary reserves by fiscal year 2019.

SNC-Lavalin secures $800m oil and gas contract in Middle East

SNC-Lavalin is pleased to announce that it has been awarded a significant oil and gas contract in the Middle East with an approximate value of $800m \.

China Petrobras loan cuts need for government bailout -Itau BBA

RIO DE JANEIRO, Feb 29 (Reuters) - A credit line of up to $10 billion from China's state development bank to Petrobras cuts the risk that Brazil's state-run oil company would need government assistance to pay for debt and investment in 2016, Banco Itau BBA said on Monday.

UPDATE 2-Ultra Petroleum flags going concern risk, warns of bankruptcy

Feb 29 (Reuters) - Natural gas producer Ultra Petroleum Corp said its auditors have raised doubts about its ability to stay in business and that it may have to seek bankruptcy protection in the United States or Canada.

Moody's lowers Seadrill Partners' rating by three notches

Feb 29 (Reuters) - Moody's Investors Service downgraded Seadrill Partners LLC's corporate family rating by three notches, reflecting continued deterioration of the offshore drilling market.

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